102 E Market, Mount Carroll, IL 61053

Located in the heart of Mt. Carroll's downtown Historic District, this brick building offers commercial and residential opportunities. Formerly the Mt. Carroll National Bank, the property includes commercial office space featuring two glass-enclosed, soundproof offices, a granite and cherry reception area, a conference space, and a vault. A 1960s Elevette three-floor elevator is present but currently disabled, and must be reactivated/recertified or removed in the coming years per Illinois guidelines. The main floor units have separate heating and cooling systems, sharing natural gas and electric services. A main floor apartment, added in 2018, includes an electric fireplace, modern plumbing, appliances, updated flooring, a gas forced-air furnace, central air, some new windows, a custom kitchen, two bedrooms, and a full bath. A special use permit is required for use as a main level apartment. The second floor, renovated in 2014, contains four modern apartments with new plumbing and electrical systems, four electric furnaces, four separate rooftop central air units, custom kitchen cabinetry with granite countertops, appliances, Pella windows with Levolor blinds, and updated flooring and baths. A shared laundry facility serves three units, while the two-bedroom apartment has its own in-unit washer, dryer, and dishwasher. All appliances stay. The east half of the basement includes a vault and half bathroom with a rear alley entrance. The west side of the basement offers over 800 sq. ft. of unfinished space with multiple entrances, suitable for conversion into additional commercial or residential space. The bituminous roof was installed in 2014, and the water heater was new in 2024. Additional features include a coded security door to the second-floor apartments and a rear fire escape. The property is subject to current leases, deed restrictions, a party wall agreement, and a utility easement.